ABC Bank offers to lend you $50,000 for one year at a quoted annual rate of 8.38% with monthly payments (principal and interest) at the end of each month. DEF Bank also offers to lend you $50,000 at a quoted annual rate of 8,64%, with each payment (principal and interest) at the end of each quarter. What is the difference in the effective annual rates charged by the two banks? Round your final answer to two decimal places of percentage (%), but do not enter % in your answer, e g.. X.XX